Crypto Assets Weekly Report: Ether Breaks the $4000 Mark Again After Two Years

This week, the Crypto Assets market continued to rise, with Ether breaking the $4000 mark becoming the focus of the market. We will provide you with a detailed analysis of market trends, important news, and emerging projects worth following.

Market Overview

Last week, Layer 2 projects showed overall positive growth, with Starknet performing the best, increasing by 19.64%. In the liquid staking token (LSD) sector, both inflow and outflow volumes have increased, with the market share of stETH growing by 13.01%, which is the most significant. The total market capitalization of physical assets (RWA) increased by 20.27%, and the 24-hour trading volume rose by 9.37%.

In traditional financial markets, the S&P 500 Index and the Nasdaq Index fell by 0.14% and 1.14%, respectively. Important economic data to watch in the coming week includes Germany's CPI, the U.S. core CPI, and government bond auctions.

Important Events

The price of Ether has surpassed the $4000 mark, reaching a new high in over two years. Analysts believe that this surge is related to the market's expectations for the approval of the U.S. spot Ether ETF. However, some analysts point out that the probability of the Ether ETF being approved is currently between 50% and 60%, indicating that there is still uncertainty.

Emerging Project Focus: NetMind

NetMind is a decentralized AI computing platform aimed at utilizing idle GPU resources worldwide to provide computing power for AI models. The platform offers various services such as distributed computing and custom chatbots, and has launched its own public chain, NetMind Chain.

NetMind's native coin $NMT is used to pay platform fees and reward participants. The current market value is approximately $4.3 billion, with a 7-day increase of 107.9%. Recent project plans include enhancing Ether network liquidity, launching cross-chain transfer features, and more.

Investment Trends This Week

• Kravata: Raised $3.6 million in funding to provide traditional finance and Crypto Assets connectivity services for Web3 companies in Latin America.
• GoPlus Security: Secured $4 million in Series II funding to provide blockchain security services.
• Oyl: Secured 3 million USD in funding to develop a Bitcoin trading application.

Industry News Overview

• MakerDAO temporarily raises fees to respond to potential Dai demand shock
• Aevo launches pre-market trading before the token airdrop
• BlackRock plans to purchase spot Bitcoin ETFs for global allocation of funds.
• The Optimism Foundation plans to privately sell OP tokens worth $89 million.
• Base indicates that it will support the EIP-4844 upgrade starting from "Day One".

Important Events Next Week

• March 12: Release of the US February CPI data.
• March 13: The Federal Reserve released the Beige Book
• March 14: Release of US February PPI and retail sales data
• March 15: The preliminary value of the University of Michigan Consumer Sentiment Index for March in the United States is released.

The crypto market has recently shown a strong upward trend, but risks should still be taken seriously. It is recommended that investors closely monitor regulatory developments and the macroeconomic situation, making cautious decisions.